Taiwanese stablecoin payment company OwlTing will be listed on Nasdaq tomorrow under the stock code OWLS

According to Foresight News, Taiwanese stablecoin payment company OwlTing has received approval for a direct listing on Nasdaq, and trading will begin on Thursday. The stock symbol is OWLS. The company chose a direct listing to avoid diluting existing shares. OwlTing’s business scope covers the hotel industry and e-commerce, and in recent years it has focused on developing stablecoin payments and infrastructure services. In 2023, the company launched OwlPay, which enables businesses to pay global suppliers using stablecoins (such as USDC) or fiat currencies.


In 2024, the company's revenue will be $7.6 million, a year-over-year increase of 18.3%, according to the company's prospectus. The company reported a net loss of $10.3 million in 2024, compared with a net loss of $6.8 million in 2023.

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